Gamma Communications, provider of communication services to the business markets in the UK and the Netherlands saw profits and sales rise last year.
The UK Indirect business continued to grow strongly with a focus on the existing partner base. Gross profit increased from £97.5m in 2018 to £119.1m in 2019 (+22%).
The UK Direct business continues to deliver very positive growth, with gross profit up from £32.8m in 2018 to £38.2m in 2019 (+16%), it says.
Andrew Taylor, Chief Executive Officer, commented, "In our Overseas business, the integration of our Dutch businesses went well in the year. In the first half we had reported a greater than expected drop off in ISDN revenue. We are pleased to say that the second half performance was stronger. Gross profit increased from £1.9m in 2018 to £9.2m in 2019. This represents a full year of DX Groep which was acquired in October 2018 and the benefit of Nimsys which was acquired in February 2019. The number of Cloud seats at the end of 2019 was over 22,000 and the mobile base added 7,000 connections in 2019. In February 2020 we made an offer to acquire VozTelecom OIGAA360, SA (“Voz Telecom”) in Spain which will give us access to the attractive Spanish market. We expect the acquisition to complete in April."
